T.J.SMITH AND NEPHEW,LIMITED
Company Information
- Company Number
- 00093994
- Registered Address
- PO Box 81, 101 Hessle Road, Hull, United Kingdom, HU3 2BN
- Status
- Active
- Employee Count
- 1,192
- Turnover
- £637,504,000
- EBITDA
- £84,251,000
Additional Details
- Website
- https://smith-nephew.com
- Company Type
- Private limited Company
- Incorporated On
- 2 July 1907
- Nature of Business
- 20590 - Manufacture of other chemical products not elsewhere classified
- Industries
- Raw Materials And Intermediate Goods
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 12 Jan 2024 | 38 | 60% | 35% | 5% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 37 | 59% | 38% | 3% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 38 | 57% | 39% | 4% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 35 | 62% | 36% | 2% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | 35 | 59% | 39% | 2% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 58 | 5% | 69% | 26% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 54 | 8% | 66% | 27% | 40% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard payment terms are 60 days. The standard payment terms for small enterprises are 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Any dispute or claim (regardless of its legal or equitable theory) arising in connection with the Order, or any act or omission in its performance shall be resolved solely and finally by binding arbitration conducted by a single arbitrator in accordance with the Rules of Arbitration of the International Chamber of Commerce ("the ICC") The seat of the arbitration will be London. The arbitration language shall be English.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
T.J. Smith and Nephew, Limited is a British multinational medical equipment manufacturing company that specializes in orthopedic and wound care products. The company was founded in 1856 and is headquartered in London, England.
T.J. Smith and Nephew, Limited is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have set targets to reduce greenhouse gas emissions, water usage, and waste generation, and have invested in renewable energy sources. They also prioritize ethical sourcing and responsible waste management in their supply chain.
The company offers a wide range of products and services, including advanced wound care, sports medicine, and trauma products. Their advanced wound care products include dressings, negative pressure wound therapy, and skin grafts. In sports medicine, they offer products for joint repair, soft tissue repair, and arthroscopic surgery. Their trauma products include implants, fixation devices, and instruments for bone and soft tissue repair.
The key people at T.J. Smith and Nephew, Limited include Chief Executive Officer Namal Nawana, Chief Financial Officer Graham Baker, and Chairman Roland Diggelmann. The company has a global presence with operations in more than 100 countries and employs over 16,000 people worldwide.
For more information about their products and services, customers can visit their website at www.smith-nephew.com. The registered office address for T.J. Smith and Nephew, Limited is 15 Adam Street, London WC2N 6LA, United Kingdom.
